Actavis Readies Big Bond Deal

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Mike Cherney Pharmaceutical company Actavis PLC is expected to sell more than $20 billion in bonds as early as this week, a deal that would rank as the second-largest corporate bond ever and further propel bond sales this year ...

Tencent-Backed 58.com Acquires Chinese Real Estate Listing Site

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Juro Osawa 58.com Inc., the Chinese equivalent of Craigslist Inc. backed by Internet giant Tencent Holdings Ltd., said Monday it had acquired an online real estate listing site for about $267 million, the latest deal in China's fast-growing market ...

China's Manufacturing Gauge Rises in February

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--A gauge of China's factory activity improved in February, reflecting stronger output and domestic demand but the outlook for exports remained dim. The HSBC China Manufacturing Purchasing Managers" Index rose to a final reading of 50.7 in February from 49.7 ...

Dollar Surges After China's Surprise Rate Cut

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Josie Cox The U.S. dollar surged in Europe Monday close to an 11-year high against a number of major currencies, boosted by Beijing's decision over the weekend to cut interest rates for the second time in less than four ...

Swiss Manufacturing Output Drops in February on Strong Franc

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Neil MacLucas ZURICH--Switzerland's manufacturing output fell for a second month in February as the Swiss National Bank's shock repeal of the franc-euro cap weighed on foreign orders for the country's industrial goods. The Swiss Purchasing Managers' Index slipped to ...

Spain's Albertis Buys Majority Stake in Wind Telecomunicazioni's Tower Unit

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Ana García and Olga Razumovskaya MADRID--Spain's Abertis Infraestructuras SA said Monday it has agreed to buy 90% of the telecommunication tower business of Italy's Wind Telecomunicazioni SpA for EUR693 million ($774 million). Abertis, a Barcelona-based company with interests in ...

SembCorp Industries Begins Power Production At India Plant

TODAY: March 2, 2015 PUB DATE: March 2, 2015

SembCorp Industries Ltd. (U96.SG) Monday said that its first power project in India has started commercial operations. Thermal Powertech Corp. of India - has begun selling power from its first 660-megawatt plant, the company said in a filing to the ...

Unilever Buys REN Skincare for Undisclosed Sum

TODAY: March 2, 2015 PUB DATE: March 2, 2015

LONDON--Unilever PLC (ULVR.LN) said Monday it is buying REN Skincare for an undisclosed sum. The food, home and personal care products firm, which houses Persil, Dove, Hellmann's and Wall's ice cream among its portfolio, said it expects to close the ...

China Rate Cut Boosts Shanghai, Hong Kong

TODAY: March 2, 2015 PUB DATE: March 2, 2015

An earlier-than-expected rate cut by China boosted stocks in Hong Kong and Shanghai Monday, ahead of an annual gathering in Beijing where the government is expected to set a lower growth target for the year. The Hang Seng Index was ...

Indonesia Inflation Eases in February on Lower Prices of Fuel, Spices

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By I Made Sentana and Deden Sudrajat JAKARTA--Indonesia's inflation continued to ease in February thanks to lower fuel and spice prices. The official Central Statistics agency said Monday year-on-year inflation in February was 6.29%, slowing from 6.96% in January. Prices ...

China PBOC: Injects 180 Billion Yuan Into Market Via SLOs in January

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--China's central bank said it injected 180 billion yuan ($28.7 billion) of liquidity into the market in January through its short-term liquidity operations. The People's Bank of China conducted two operations in January, with maturities ranging from one day to ...

ASIA MARKETS: Chinese Stocks Gain After Rate Cut, PMI Data

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Laura He, MarketWatch Asian markets gain broadly, with Japan stocks hit a 15-year high again HONG KONG (MarketWatch) -- Hong Kong and Shanghai stocks advanced Monday, after China's central bank lowered interest rates over the weekend, while two separate ...

Brazil's Projected 2015 GDP Revised Downward to Fall 0.58%, Survey Says

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Rogerio Jelmayer SAO PAULO--Economists again lowered their forecast for Brazil's economy this year, as the low level of consumer and business confidence prevents the country's recovery. Brazil's 2015 gross domestic product is expected to contract 0.58% this year, compared ...

China's Rate Cut Renews Economic Concerns

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Lingling Wei BEIJING--A surprise rate cut by China's central bank underscores the increasingly aggressive measures the leadership is relying on to rev up activity in the world's second-largest economy. The rate cut shaved a quarter of a percentage point ...

Japan Capex Still Sluggish MOF Survey Shows

TODAY: March 2, 2015 PUB DATE: March 2, 2015

TOKYO--Business investment in Japan remained sluggish in the October-December quarter, a finance ministry survey showed Monday, as the economy struggles to gain momentum following a tax-induced recession last year. The quarterly survey of about 23,000 Japanese firms showed that capital ...

China's Manufacturing Gauge Strengthens in February

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--A gauge of China's factory activity improved in February, reflecting stronger output and domestic demand but the outlook for exports remained dim. The HSBC China Manufacturing Purchasing Managers' Index rose to a final reading of 50.7 in February from 49.7 ...

Indonesia HSBC Manufacturing PMI 47.5 in February Vs. 48.5 in January

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By I Made Sentana JAKARTA, Indonesia--HSBC's manufacturing Purchasing Managers' Index for Indonesia fell to a record low of 47.5 in February from 48.5 in January, with the near-term outlook remaining "a little underwhelming," HSBC said. A reading below 50 in ...